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Wednesday, March 30, 2011

Taxes

News                                                                                                                             
National Journal | Corporate Split: Tax Holiday or Real Reform?
Even as many multinational corporations, particularly in the tech sector, clamor for a temporary tax holiday on their international earnings, a few major companies are sending the opposite message: focus on comprehensive reform of the corporate tax code...
WSJ | Tax Revenue Snaps Back
States Book More Inflows but Face Tab for Higher Spending, End of Federal Funds.

Blogs                                                                                                                             
Café Hayek | On State- and Local-Government Revenues
...converting all dollars into 2010 dollars, we find that the $378,312,000,000 raked in by state and local governments in the final quarter of 2010 is 88.2 percent more real revenue than these governments raked in during the first quarter of 1988…
Atlantic: McArdle | Did GE Really Pay No U.S. Taxes in 2010?
GE Capital lost billions in the financial crisis, which I assumed gave them a nice, fat, NOL carryforward to lessen their tax burden in future years.
Heritage Foundation | Does Obama’s Tax Plan Help Those Who Help Those in Need?
Unfortunately, this isn’t the case for President Obama’s proposed 2012 federal budget.